Another retirement cost concern -- location

If the cost of retirement has you concerned, there is one solution -- move to a cheaper part of the country. Unfortunately, those areas are not the coastal, mountainous regions many love to retreat to in retirement. If you do move there, you'll face the highest costs in nursing homes, according to a recent survey by Genworth Financial.

The provider of long-term care insurance found the nationwide annual cost for a private nursing home room to be $74,208, or $203 a day, a rise of 4 percent annually since 2005. With that cost rising more than inflation over the same period, by almost double, retirees may want to reconsider where they relocate in retirement...

NJ.com: Another retirement cost concern -- location
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